Daily Archives: 27/04/2022

Robinhood lays off 350 employees due to falling shares of the company

Vlad Tenev, CEO of stock and cryptocurrency trading platform Robinhood, said the firm is laying off 9% of its employees — roughly 350 people — as the company’s stock plunges. According to a blog post, this decision had to be made due to changing customer behavior. The company monitors how its clients invest in the face of global conflict, economic uncertainty and high inflation. According to TradingView, the company’s shares are down 38% in the…

Bybit Adds Cryptocurrency Options Trading

Singapore-based crypto exchange Bybit expands its range of services and products for institutional traders. Bybit has announced the admission of customers to trading cryptocurrency options. The innovation will allow users to trade options and perpetual assets in US dollars. The crypto exchange community has long demanded that options be added to the company’s product line. Investors, the exchange says, want to trade these products to hedge risk and give traders the opportunity to diversify their…